Menu
Finance

Everton Majority Investor Secures Right To Increase Stake In Club

Premier League side Everton majority investor Farhad Moshiri "has secured the right to increase his stake" in the club, according to Bill Gleeson of the LIVERPOOL ECHO. Last February, Moshiri announced that "he had bought a 49.9% stake in the Goodison Park club" for a reported £87.5M ($126M), but "this was not enough to give him a majority stake, a fact that has puzzled many fans and financial experts." Moshiri "bought his shares from Robert Earle, Bill Kenwright and Jon Woods." At the time, Moshiri "stayed silent about whether he intended to increase his stake at any point in the future, something many observers say would be necessary before the Iranian born billionaire would invest large sums of money in Everton’s playing squad or a new stadium." Moshiri has reportedly already "clinched a deal that gives him the right to buy more Everton shares." He holds his stake in Everton "through an Isle of Man-based company called Blue Heaven Holdings." Documents lodged at The Isle of Man’s Companies Registry show that Kenwright, Woods and another long-time Everton shareholder, Arthur Abercromby, have already granted Moshiri "the option to buy more of their shares." If all of the three sellers’ outstanding shares are bought by Moshiri, "it would take his stake to just over 76% of the club." That would be "enough to give him undisputed control over all of the affairs of the club." Experts say that the exercise of Moshiri’s option "might depend on certain events coming to pass, but this could be anything from personal tax matters to the granting of planning permission for a new stadium." Corporate finance adviser James Dow said, "There could be one of a hundred reasons." Dow, whose corporate finance brokerage has bought and sold many businesses, added, "It's unusual" (LIVERPOOL ECHO, 6/2).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/03/Finance/Everton-Investor.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/03/Finance/Everton-Investor.aspx

CLOSE